The New England Power Pool (NEPOOL) was established in 1971 as a voluntary association of market participants from the six New England States. The Participants Committee is the principal governing body of NEPOOL, which considers and acts on all matters affecting the New England region’s wholesale electric power arrangements, either directly or by delegation. The Participants Committee is made up of six energy Sectors in which every NEPOOL Participant, together with its Related Persons, is entitled to have a member and alternate. The six Sectors are each represented by an Officer that is selected by the Sector on an annual basis. A Committee Chairman is elected from among those Officers. The Participants Committee meets monthly in a New England locale, typically in Boston or its environs, and has an annual Summer Meeting, typically at the end of June, at locations throughout the New England States.
Apr 24 ISO-NE issues IMAPP discussion paper on Competitive Auctions with Subsidized Policy
Resources. ISO-NE issues the companion piece to its Apr 17 memo, providing further perspective and
detail on the specific goals and mechanics of its Substitution Auction proposal, and explaining in greater
detail how the substitution auction would work. View the discussion paper here and on the IMAPP webpage.
Apr 18 DC Circuit dismisses TOs' and NESCOE's petitions for review of New England's Order 1000
compliance filing orders. In dismissing the petitions for review, the Court found, among other things,
that the FERC's orders (i) contain the requisite “particularized” analysis to overcome Mobile-Sierra
presumptions, (ii) are not inconsistent with nor expand on Order 1000 itself; and (iii) do not pose a
jurisdictional problem with respect to the division of roles between ISO-NE and the states.
View decision here.
Apr 17 ISO-NE issues IMAPP Substitution Auction Highlights. ISO-NE issues highlights of its proposal to
address concerns with subsidized participation by new resources in forward capacity auctions (FCA) by
implementing a two-stage, two-settlement FCA process that includes a secondary "substitution auction" in
which existing capacity resources with retirement bids that retained capacity supply obligations (CSOs) in the
primary FCA may transfer their CSOs in their entirety to subsidized new resources that did not clear in the
primary auction. For additional details and information, view the highlights documents here and on the
Apr 14 DC Circuit vacates Base ROE Complaint I orders. The DC Circuit granted the petitions for review,
vacated the FERC's prior orders, and remanded the case for further proceedings consistent with its order.
The Court agreed with both the TOs (that the FERC did not meet the Section 206 obligation to first find the
existing rate unlawful before setting the new rate) and "Customers" (that the 10.57% ROE was not based on
reasoned decision-making, and was a departure from past precedent of setting the ROE at the midpoint of
the zone of reasonableness). View order here.
Apr 13 FERC issues supplemental notice of May 1-2 Eastern Markets IMAPP Technical Conference.
View supplemental notice here.
Apr 12 NESCOE issues 2016 Annual Report to the New England Governors. View here.
Apr 7 NESCOE issues "Feedback to NEPOOL on Long-Term “Achieve”-style IMAPP proposals".
View here and on IMAPP webpage.